News: Release the Hounds! Long-Awaited Stadium Project in Ashburn Breaks Ground; Edelman Financial Field will House Loudoun Hounds Baseball, Virginia Cavalry FC Soccer Clubs

They, literally, released the hounds on Tuesday!

(June 4, 2013) - It took Bob Farren and VIP Sports & Entertainment nearly 12 years but their dream of a sports stadium in Ashburn took a giant step towards reality Tuesday with the official groundbreaking for the project at One Loudoun.

The stadium at the immediate southwest corner of the Route 7 and Loudoun County Parkway interchange will house both the professional baseball Loudoun Hounds as well as the professional soccer Virginia Cavalry FC clubs.

"This is a long-overdue moment in the history of VIP Sports & Entertainment and beginning construction on the Ballpark at One Loudoun is another major milestone for the organization," said Farren, founding President and CEO of VIP. "We are now within sight of the finish line: Opening Day in 2014. I am thankful to our many wonderful business partners, our civic leaders and most importantly our legions of excited fans for making this sports landmark a reality in Loudoun."

In other news from the groundbreaking, it was announced that the stadium would be named Edelman Financial Field, after the Northern Virginia financial services powerhouse.

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"With the commencement of the stadium's construction today, introducing Edelman Financial Field as the home of the Loudoun Hounds and Virginia Cavalry FC is an amazing validation of Loudoun County, the Hounds and Cavalry FC," said Farren. "When I first met with Ric (Edelman) about this possibility months ago, it was crystal clear how committed Ric and his firm are to the community. We look forward to a long partnership and are proud to call Edelman Financial Field our home."

He added that Edelman Financial Services has signed a multiyear partnership for the naming rights with VIP Sports & Entertainment's forthcoming venue.

Founded 25 years ago in Fairfax, Virginia, Edelman Financial Services LLC (RicEdelman.com) is now one of the nation's largest financial planning and investment management firms in the country, employing hundreds of people in the area. Its 33 offices include the Northern Virginia suburbs of Ashburn, Tysons Corner, Fairfax and Alexandria, as well as several in nearby Maryland.

The firm's CEO, Ric Edelman, has hosted a Saturday morning show for 21 years on WMAL Radio, as well as a weekly personal finance series airing locally on WETA. He was named three times by Barron's as the nation's #1 Independent Financial Advisor.

"This community is our home, and we are very grateful for the wonderful support we have received over the years," Edelman said. "We want to demonstrate our thanks by helping to bring the ballpark to Northern Virginia, which will provide affordable family entertainment to the residents of our community."